Parmeshwar Metal IPO
GMP, Subscription, Price, Dates & Financial Details
Parmeshwar Metal Limited is an ISO 9001:2015 certified company based in Gujarat, India, specializing in the manufacturing of copper wire and copper wire rods by recycling copper scrap. The company operates a facility located in Dehgam, Gujarat, where it produces copper wire rods in sizes such as…
Open Date
Thu, 02 Jan 2025
Close Date
Mon, 06 Jan 2025
Price Band
₹ 57 – 61
Lot Size
2000
Issue Size
₹ 24.74 Cr
Minimum Investment
₹ 244,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Parmeshwar Metal IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹24.74 Crore, comprising a fresh issue of 40.56 Lakh equity shares aggregating to ₹24.74 Crore.
The Parmeshwar Metal IPO remained open for subscription from January 02, 2025, to January 06, 2025. The basis of allotment was finalized on January 07, 2025, and the company's shares were listed on BSE SME Platform on January 09, 2025.
The company had fixed the price band at ₹57 to ₹61 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹244,000 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Beeline Capital Advisors Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Parmeshwar Metal Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Parmeshwar Metal IPO Timeline (Tentative)
- IPO Open Date
- Thu, 02 Jan 25
- IPO Close Date
- Mon, 06 Jan 25
- Basis of Allotment
- Tue, 07 Jan 25
- Initiation of Refunds
- Wed, 08 Jan 25
- Credit of Shares to Demat
- Wed, 08 Jan 25
- Listing Date
- Thu, 09 Jan 25 — NSE & BSE
Open Date
02 January 2025
Close Date
06 January 2025
Basis Of Allotment
07 January 2025
Listing Date
09 January 2025
IPO Subscription
Check Live Subscription →The Parmeshwar Metal IPO has received bids for 1,63,68,30,000 shares against 26,96,000 shares offered, resulting in an overall subscription of 607.13x. the NII category is subscribed 1,203.14x, Retail Investors 597.09x, and QIBs 177.32x.
QIB
177.32x
NII
1203.14x
RII
597.09x
Total
607.13x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 13,48,000 shares, representing 33.23% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 7,70,000 shares (18.98%), while Non-Institutional Investors (NIIs) receive 5,78,000 shares (14.25%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 206,000 | 28.45% |
| Anchor Investors | 1,154,000 | 5.08% |
| Qualified Institutions | 770,000 | 18.98% |
| Non-Institutional | 578,000 | 14.25% |
| Retail Investors | 1,348,000 | 33.23% |
| Total | 4,056,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 7686.32 | 5412.42 | 4112.89 | 3344.67 |
| Revenue | 84069.98 | 97270.61 | 90227.47 | 53833.9 |
| Profit After Tax | 315.26 | 889.53 | 685.16 | 406.45 |
| Net Worth | 3314.15 | 2998.9 | 2109.37 | 1526.21 |
| Reserve & Surplus | 2564.15 | 2248.9 | 1359.37 | 676.21 |
| Total Borrowings | 3281.9 | 1660.02 | 1383.71 | 1206.52 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Parmeshwar Metal Limited KPI Information
| Particular | KPI as of March 31, 2023. |
|---|---|
| ROE % | 34.83 |
| ROCE % | 27.15 |
| Pat Margin % | 0.92 |
Peers Comparison
No Peer Comparision Available
About Parmeshwar Metal Limited
Parmeshwar Metal Limited is an ISO 9001:2015 certified company based in Gujarat, India, specializing in the manufacturing of copper wire and copper wire rods by recycling copper scrap. The company operates a facility located in Dehgam, Gujarat, where it produces copper wire rods in sizes such as 1.6 mm, 8 mm, and 12.5 mm, tailored to meet customer specifications. These wire rods are used in a variety of applications, including power cables, building wires, transformers, automotive industries, and household cables.
The company emphasizes quality control through an in-house testing lab, ensuring both raw materials and finished products meet customer requirements and industry standards. It also prioritizes health and safety, providing safety tools and equipment to its workforce.
Recycling copper scrap is a key part of Parmeshwar Metal’s operations, as it is more energy-efficient and environmentally sustainable than extracting copper from primary sources. The company uses a range of machinery, including melting furnaces, rolling mills, and baling presses, in its manufacturing process.
The business is managed by promoters with over 35 years of experience in the metal industry, who oversee operations, quality control, human resources, and financial management. Their expertise has been instrumental in driving the company's growth and ensuring its profitability.
With a vision to expand its product offerings, Parmeshwar Metal plans to manufacture bunched copper wire by installing additional production facilities at its existing location.
Parmeshwar Metal IPO Promoters
- Mr Shantilal Kailashchandra Shah
- Mr Suchitkumar Maheshbhai Patel
- Mr Piyush Giriraj Shah
- Mr Radheshayam Jankilal Shah
- Mr Parth Maheshbhai Patel
- Mr Pratik Radheshyam Shah
- Mrs Kailashben Radheshyam Shah
Promoters Holding
Holding Pre Issue
93.33%
Holding Post Issue
70.81%
Parmeshwar Metal IPO Objective
FRESH ISSUE
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- Setting up a new manufacturing facility at Dehgam, Gujarat, for manufacturing of Bunched copper wire and 1.6 MM Copper Wire Rod
- Furnace renovation for copper melting
- To Meet Working Capital Requirements.
- General Corporate Purpose
Parmeshwar Metal Limited Address / Contact Details
Parmeshwar Metal Limited
Survey No. 130 P & 131, State Highway No. 69
Sampa Lavad Road,Village Suja Na Muvada,
Post-Sampa Gandhinagar, Dehgam,
Gujarat-382315
Phone: +91 6357076561
Email: cs@parmeshwarmetal.com
Website: https://www.parmeshwarmetal.com/
IPO Snapshot
Parmeshwar Metal IPO Lot Size
The Parmeshwar Metal IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹1,22,000 by applying for 1 lot (2,000 shares). The maximum application allowed for the retail category is 1 lots (2,000 shares), requiring an investment of ₹1,22,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 122,000.00 |
| Retail (Max) | 1 | 2,000 | 122,000.00 |
| S-HNI (Min) | 2 | 4,000 | 244,000.00 |
Issue Reservation
- Market Maker — 28.45%
- Anchor Investors — 5.08%
- QIB — 18.98%
- NII — 14.25%
- RII — 33.23%
Book Running Lead Managers
- Beeline Capital Advisors Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Parmeshwar Metal IPO?
Parmeshwar Metal IPO is a Book-building IPO with a total issue size of ₹24.74 crore. The Parmeshwar Metal IPO price band is ₹57 to 61 per share. The Parmeshwar Metal IPO subscription opens on Thu, Jan 2, 2025, and closes on Mon, Jan 6, 2025. The Parmeshwar Metal IPO will be listed on the BSE. MUFG Intime India Private Limited is the registrar for the Parmeshwar Metal IPO.
When will the Parmeshwar Metal IPO open for subscription?
The Parmeshwar Metal IPO opens on Thu, Jan 2, 2025 and closes on Mon, Jan 6, 2025
What is Parmeshwar Metal IPO Price Band?
Parmeshwar Metal IPO Price Band is ₹57 to 61 per share.
What is Parmeshwar Metal IPO Lot Size?
Parmeshwar Metal IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹244000 based on the upper price band
What is the minimum investment for Parmeshwar Metal IPO?
The minimum investment for Parmeshwar Metal IPO is ₹244000, based on one lot of 2000 shares at the upper price band of ₹61 per share.
How to apply for Parmeshwar Metal IPO?
Investors can apply for the Parmeshwar Metal IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Jan 6, 2025. The application amount remains blocked until the Parmeshwar Metal IPO allotment is finalized.
What is Parmeshwar Metal IPO Issue Size?
Parmeshwar Metal IPO issue size is ₹24.74 crores.
What is the Parmeshwar Metal IPO Allotment Date?
Parmeshwar Metal IPO allotment date is Tue, Jan 7, 2025.
Who is the Parmeshwar Metal IPO Registrar?
The registrar for Parmeshwar Metal IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Parmeshwar Metal IPO allotment status, refund processing, and other IPO-related information.
What is the Parmeshwar Metal IPO GMP?
The Parmeshwar Metal IPO GMP (Grey Market Premium) is ₹38 as of Thu, Jan 9, 2025. Based on the upper price band of ₹61 per share, the estimated Parmeshwar Metal IPO listing price is ₹99, indicating a potential listing gain of approximately 62.30% over the issue price.
Who is the Parmeshwar Metal IPO Lead Manager?
The book-running lead managers (BRLMs) for the Parmeshwar Metal IPO are Beeline Capital Advisors Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Parmeshwar Metal IPO Red Herring Prospectus (RHP).